Methane-to-Ethylene Startup Raises $30 Million

2:16 PM MDT | July 26, 2012 | Rebecca Coons

Siluria Technologies (San Francisco), a startup developing catalyst technology to convert natural gas into chemicals, including ethylene, says it has raised $30 million in a Series C financing. The money will be used to help fund construction of a demonstration plant and commercialization support . New investors Bright Capital and Vulcan Capital led the round, and all of the company's existing investors—ARCH Venture Partners, the Wellcome Trust, Alloy Ventures, Kleiner Perkins Caufield & Byers, Lux Capital, Altitude Life Science Ventures, and...